Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
(Bloomberg) -- The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the D...
The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
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Once a company becomes publicly traded it always gets worse. Once the shareholders are closer to the executive compensation packages than the customers/users it is all downhill. It is like clockwork.
Might take a year, might take 10, but the result is inevitable.
Pump and dump
Yeah this is one of the obvious faults in capitalism.
The same thing will happen to Apple and Costco eventually.